The buyer's bank was horrible in the end - they did everything to try and deny the loan and the buyer's attorney's office almost lost the deal three times. That's one bank (HSBC) and one attorney I won't be recommending.
Nope - not affected. And this one was a very good offering by the seller - above the norm for a foreclosure sale.
When you are ready, let me know. I can give you a referral to a Realtor down there (and then I get a cut of what they get just for making a phone call - yeah!!!)
If you are doing conventional financing, you might need 10% and that would suck - HOWEVER - now is the time to really consider all your options. SONYMA (state of NY mortgage association) has low down programs and some savings programs geared to home purchases that are very very very good and I would urge you to look into the options now - I can give you the number of someone up here who handles SONYMA. They also have a down payment and closing cost assitance.
Also think about an FHA government loan. They also have low down programs and cost assistance that you may qualify for too.
Email me with questions and reference info if you want.
Heck, Eric helped us buy our house with basically smoke and mirrors, so go for it! (of course ours was a fraction of what a brownstone in NYC would cost, but still--it's a good time to buy from what I hear).
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It needs about 80-100K of work. Area supports the values too - appraised as-is for about 465 I'm told but the taxes are HIGH - almost 16grand.
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This was rough.
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When you are ready, let me know. I can give you a referral to a Realtor down there (and then I get a cut of what they get just for making a phone call - yeah!!!)
If you are doing conventional financing, you might need 10% and that would suck - HOWEVER - now is the time to really consider all your options. SONYMA (state of NY mortgage association) has low down programs and some savings programs geared to home purchases that are very very very good and I would urge you to look into the options now - I can give you the number of someone up here who handles SONYMA. They also have a down payment and closing cost assitance.
Also think about an FHA government loan. They also have low down programs and cost assistance that you may qualify for too.
Email me with questions and reference info if you want.
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